Electricity rates in Minnetonka, Minnesota
Minnetonka, MN ranks 2nd of 31 Minnesota cities for people working from home (25.8% of workers). Minnetonka, Minnesota has 53,256 residents in 23,348 households; 15.9% heat with electricity.
Minnetonka on the map
Hennepin County, with Minnetonka marked
Who lives in Minnetonka: income, cars, homes
Of 28,578 workers in Minnetonka, MN, 7,364 work from home, 18,936 drive alone, 251 ride transit and 385 walk. In Minnetonka, MN, 2,594 of 6,340 renter households pay 30% or more of income in rent; 7,698 households moved in since 2018 and 6,084 before 2000, so electric accounts turn over at a moderate pace. In Minnetonka, MN, 2,305 of 23,348 households earn under $35,000, 4,460 $35,000-$75,000, 7,314 $75,000-$150,000 and 9,269 $150,000 or more. 2,533 residents of Minnetonka, MN live below the poverty line, and the median age is 42.8. In Minnetonka, MN, 982 households own no vehicle and 14,185 own two or more; home EV charging depends on that. Minnetonka, MN homes: 14,357 have 3+ bedrooms, 4,047 none or one, median 6.5 rooms.
Household income in Minnetonka, MN
| Minnetonka, MN | Value | Rank in Minnesota (1 = highest) |
|---|---|---|
| Minnetonka, MN, households under $35,000 | 9.9% | 24 of 31 |
| Minnetonka, MN, households $150,000 or more | 39.7% | 8 of 31 |
| Minnetonka, MN, residents below poverty | 4.8% | 23 of 31 |
| Minnetonka, MN, median age | 42.8 | 2 of 31 |
| Minnetonka, MN, homes with 3+ bedrooms | 58.4% | 18 of 31 |
| Minnetonka, MN, households without a vehicle | 4.2% | 21 of 31 |
| Minnetonka, MN, households with 2+ vehicles | 60.8% | 16 of 31 |
| Minnetonka, MN, workers at home | 25.8% | 2 of 31 |
| Minnetonka, MN, cost-burdened renters | 40.9% | 28 of 31 |
| Minnetonka, MN, moved in since 2018 | 33.0% | 15 of 31 |
| Minnetonka, MN, moved in before 2000 | 26.1% | 4 of 31 |
Who supplies Minnetonka
Hennepin County lists 6 utilities for Minnetonka, MN (53,256 residents): homes pay 13.66 to 16.98 cents per kWh, about $97 to $121 a month at 712 kWh, 1.0% to 1.2% of the $120,496 Minnetonka median income. Hennepin County page.
Facts about Minnetonka
- Residents of Minnetonka, MN, ACS 2023
- 53,25618 of 31 Minnesota cities with 30,000+
- Median household income in Minnetonka, MN
- $120,49610 of 31 of those cities
- Households in Minnetonka, MN
- 23,3482.28 people each
- Owner-occupied homes in Minnetonka, MN
- 72.5%16,917 owners and 6,431 renter households
- Housing units in Minnetonka, MN
- 24,5951,247 vacant or seasonal
- Homes heated by electricity in Minnetonka, MN
- 15.9%3,719 of 23,348 homes
- Land area of Minnetonka, MN
- 26.9 sq mi1,978.9 people per sq mi
- Bill as share of income in Minnetonka, MN
- 1.0% to 1.2%at 712 kWh a month over the $120,496 median household income
- Wind and tornado reports within 15 miles of Minnetonka, MN
- 195NWS point reports 2015 to 2025, 366.2 per 100,000 residents
- Median year homes were built in Minnetonka, MN
- 198012,081 of 24,595 homes (49.1%) before 1980
- Median home value and rent in Minnetonka, MN
- $456,200$1,758 gross rent a month, 4.62% of value a year
Electricity price since 2015 around Minnetonka
Northern States Power Co - Minnesota charged Minnetonka homes 12.60 ¢/kWh in 2015. Minnetonka: 16.98 ¢ in 2024, 35% up. Minnetonka: against 27% up for the Minnesota average.
Minnetonka: a 712 kWh month at that price. Minnetonka: $90 in 2015, $121 in 2024. Minnetonka: $1,451 a year, 1.2% of the $120,496 median income.
Minnetonka: 10 yearly prices
| Year | Northern States Power Co - Minnesota, Minnetonka | Minnetonka: Gap to Minnesota average | Minnetonka: Gap to U.S. average |
|---|---|---|---|
| 2015, Minnetonka | 12.60 | +0.48 | -0.05 |
| 2016, Minnetonka | 13.18 | +0.51 | +0.63 |
| 2017, Minnetonka | 13.79 | +0.75 | +0.90 |
| 2018, Minnetonka | 14.15 | +1.01 | +1.28 |
| 2019, Minnetonka | 13.62 | +0.58 | +0.61 |
| 2020, Minnetonka | 13.74 | +0.57 | +0.59 |
| 2021, Minnetonka | 13.92 | +0.42 | +0.26 |
| 2022, Minnetonka | 15.60 | +1.35 | +0.56 |
| 2023, Minnetonka | 16.31 | +1.58 | +0.31 |
| 2024, Minnetonka | 16.98 | +1.53 | +0.50 |
Minnetonka, MN: EIA-861 home prices, 2015 to 2024, not a Minnetonka, MN price.
CSVHousing and heating in Minnetonka
Minnetonka, MN: 12,081 of 24,595 homes were built before 1980 and 3,506 in 2000 or later. Minnetonka, MN has 13,340 detached houses, 8,129 homes in 5+ unit buildings and 0 mobile homes.
Age of homes in Minnetonka, MN
% of homes by decade built, Minnetonka, MN
- 2pre-40
- 240s
- 1750s
- 1260s
- 1570s
- 2380s
- 1390s
- 600s
- 710s
- 220+
Heating fuel in Minnetonka, MN
| Minnetonka, MN | Value | County | Gap | Rank (1 = highest) |
|---|---|---|---|---|
| Minnetonka, MN, median year built | 1980 | 1973 | +7 years | 19 of 31 |
| Minnetonka, MN, built before 1980 | 49.1% | 60.3% | -11.1 points | 14 of 31 |
| Minnetonka, MN, built 2000 or later | 14.3% | 17.6% | -3.4 points | 23 of 31 |
| Minnetonka, MN, detached houses | 54.2% | 52.2% | +2.0 points | 18 of 31 |
| Minnetonka, MN, apartments in 5+ unit buildings | 33.1% | 33.2% | -0.2 points | 8 of 31 |
| Minnetonka, MN, mobile homes | 0.0% | 0.4% | -0.4 points | 30 of 31 |
| Minnetonka, MN, renter households | 27.5% | 37.0% | -9.5 points | 18 of 31 |
| Minnetonka, MN, median home value | $456,200 | $376,500 | +$79,700 | 4 of 31 |
| Minnetonka, MN, median gross rent a month | $1,758 | $1,439 | +$319 | 5 of 31 |
| Minnetonka, MN, people per household | 2.27 | 2.32 | -0.05 | 26 of 31 |
Outage risk around Minnetonka
Minnetonka, MN, NWS reports within 15 miles of the center, 2015 to 2025: 190 wind and 5 tornado, 366.2 per 100,000 residents of 53,256. Top gust near Minnetonka, MN: 67 knots, 77 mph. Damage near Minnetonka, MN: $2.5M.
Reports within 15 miles of Minnetonka, MN
wind and tornado reports, Minnetonka, MN
- 14'15
- 24'16
- 20'17
- 13'18
- 9'19
- 9'20
- 18'21
- 28'22
- 8'23
- 36'24
- 16'25
| Minnetonka, MN | Wind | Tornado | Total |
|---|---|---|---|
| Minnetonka, MN, 2015 | 14 | 0 | 14 |
| Minnetonka, MN, 2016 | 24 | 0 | 24 |
| Minnetonka, MN, 2017 | 19 | 1 | 20 |
| Minnetonka, MN, 2018 | 13 | 0 | 13 |
| Minnetonka, MN, 2019 | 9 | 0 | 9 |
| Minnetonka, MN, 2020 | 8 | 1 | 9 |
| Minnetonka, MN, 2021 | 16 | 2 | 18 |
| Minnetonka, MN, 2022 | 28 | 0 | 28 |
| Minnetonka, MN, 2023 | 8 | 0 | 8 |
| Minnetonka, MN, 2024 | 36 | 0 | 36 |
| Minnetonka, MN, 2025 | 15 | 1 | 16 |
Cost of living with electricity in Minnetonka
Minnetonka, MN: 23,348 households at $902 a year per home for electricity (Hennepin County average, DOE LEAD) come to about $21.1 million, an estimate; all home energy is $1,766 a year per household.
| Group in Minnetonka, MN | Households | Power per home | Power bill of the group | Share of Minnetonka, MN median income |
|---|---|---|---|---|
| Minnetonka, MN, all households | 23,348 | $902 | $21.1 million | 0.75% |
| Minnetonka, MN, homeowners | 16,917 | $1,122 | $19.0 million | 0.93% |
| Minnetonka, MN, renters | 6,431 | $528 | $3.4 million | 0.44% |
Climate and electric heating around Minnetonka
Minnetonka is in Hennepin County, MN. Minnetonka: degree days are county values.
Minnetonka: 7,861 heating degree days a year. Minnetonka: 662 cooling degree days a year.
| Minnetonka | County value |
|---|---|
| Minnetonka, heating degree days, 1991-2020 normal | 7,861 |
| Minnetonka, heating degree days, 2016-2025 mean | 7,565 |
| Minnetonka, cooling degree days, 1991-2020 normal | 662 |
| Minnetonka, cooling degree days, 2016-2025 mean | 759 |
| Minnetonka, homes heated with electricity, ACS 2019-2023 | 19.8% |
Minnetonka: NOAA nClimDiv 7 Oct 2026; ACS B25040.
Analyst note on Minnetonka
Minnetonka, MN counts 53,256 residents in 23,348 households, on 26.9 square miles. Household income in Minnetonka, MN is $120,496; 16,917 of its 23,348 households own. 3,719 of the 23,348 occupied homes in Minnetonka, MN heat with electricity.
Minnetonka, MN has 24,595 housing units, 1,247 of them vacant or seasonal. Minnetonka, MN ranks 2nd of 31 Minnesota cities for the oldest residents (median age 42.8). Minnetonka, MN ranks 4th of 31 Minnesota cities for the highest median home value ($456,200).
Minnetonka, MN ranks 4th of 31 Minnesota cities for the fewest cost-burdened renters (40.9%).
Bill and heat pump calculator, Minnetonka
Compare Minnetonka with nearby cities
| City near Minnetonka, MN | Distance from Minnetonka | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Minnetonka, MN (this page) | 0 mi | 53,256 | $120,496 | 1980 | $456,200 | 195 | 25.8% |
| St. Louis Park, MN | 4.6 mi east | 49,541 (-3,715) | $100,250 (-$20,246) | 1965 (-15 yr) | $371,600 (-$84,600) | 224 (+29) | 25.2% (-0.5 pts) |
| Edina, MN | 5.5 mi southeast | 53,125 (-131) | $129,225 (+$8,729) | 1971 (-9 yr) | $624,000 (+$167,800) | 230 (+35) | 25.4% (-0.3 pts) |
| Eden Prairie, MN | 5.7 mi south | 63,249 (+9,993) | $127,732 (+$7,236) | 1988 (+8 yr) | $463,300 (+$7,100) | 195 (+0) | 27.5% (+1.7 pts) |
| Plymouth, MN | 6.2 mi north | 79,526 (+26,270) | $133,865 (+$13,369) | 1987 (+7 yr) | $474,700 (+$18,500) | 168 (-27) | 25.7% (-0.1 pts) |
| Richfield, MN | 9.4 mi southeast | 36,725 (-16,531) | $84,055 (-$36,441) | 1959 (-21 yr) | $320,400 (-$135,800) | 232 (+37) | 15.7% (-10.0 pts) |
ZIP codes in Minnetonka
| ZIP area touching Minnetonka, MN | Share of the ZIP's land inside Minnetonka | Share of Minnetonka's land in the ZIP |
|---|---|---|
| 55345 (Minnetonka, MN) | 100.0% | 42.2% |
| 55305 (Minnetonka, MN) | 92.0% | 31.8% |
| 55343 (Minnetonka, MN) | 49.0% | 14.0% |
| 55391 (Minnetonka, MN) | 19.3% | 11.9% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
Minnesota: home prices since 2001, planned plants.
Questions on Minnetonka
Minnetonka: what is the electricity rate?
Minnetonka, MN has no price of its own; its 53,256 residents are served by one of 6 utilities, and a 712 kWh month costs $97 to $121.
Minnetonka: how does it rank among Minnesota cities?
Minnetonka, MN: rank 18 of 31 by its 53,256 residents, rank 10 of 31 by $120,496 median income.
Minnetonka: how many homes heat with electricity?
Minnetonka, MN: 3,719 of 23,348 occupied homes, 15.9%; Hennepin County 19.8%.
Minnetonka: how much income goes to electricity?
At 712 kWh a month, 1.0% to 1.2% of the $120,496 median income in Minnetonka, MN.
Minnetonka: damaging storms reported nearby?
195 NWS wind and tornado reports within 15 miles of the center of Minnetonka, MN, 2015 to 2025, 366.2 per 100,000 residents.
How old are the homes in Minnetonka?
Minnetonka, MN: median home built 1980; 12,081 of 24,595 homes (49.1%) predate 1980, 13,340 are detached and 8,129 sit in buildings of 5+ units.
How many people in Minnetonka, MN work from home?
7,364 of 28,578 workers.
How many Minnetonka, MN renters struggle with rent?
2,594 of 6,340 renter households pay 30% or more of income in rent.
How many households in Minnetonka, MN earn under $35,000?
2,305 of 23,348, against 9,269 at $150,000 or more.